Shanthi, just when you thought that this issue had been put to bed, it has raised it’s ugly head again. While I appreciate that you have worked hard to get this sorted out. I still have a couple of questions about my budget.
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How does the Tax Rebate for Shipping show up. When I View my Stable Budget, I see individual entries for the different Tax categories, however, none of them say anything about a Tax Rebate. Is there a specific entry for it or is it just deducted from the Racehorse Tax amount?
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What exactly is this Rebate calculated on? Does it just include Shipping to Racetracks for races or does it include all shipping and does it include when you ship your horses back to your Stables so they can have a rest. In addition, does it only include when you enter a horse in a race and that horse has to be shipped to the racetrack as part of the entry procedure, or does it also include if you go to your Stables shipping page and actively ship a horse to a different location?
My Taxes, as deducted from my Budget, are different from what I calculated they should be. I had sent you an email showing you how I had calculated my Racehorse Tax and in your reply (which I read when I first received it and now unfortunately I cannot find anywhere), you said that the difference is the shipping Rebate. My overall Shipping Costs for last year were $644,000 and 10% of that is $64,400, however, the difference between what I calculate my racehorse Tax should be and what was actually taken out as Racehorse Tax is only about $5,000. My calculated Shipping Costs include all horses to every place they were shipped and includes Broodmares being shipped to whichever Stallion they were being bred to and then shipped back to my Farm after they were certified In Foal, also horses being shipped back to my Farm for a rest and then shipped to a racetrack when their rest was over. I tend to plan which race my horses are going to run in next pretty much as soon after their most recent race as I can, and, if their next planned race is going to be at a different track, I will ship them to this “new” track straight away, so that they have time to get acclimatized to the new environment and racing surface. Hence, more often than not, by the time the race entries open for the races I’m interested in for my horses, they have already been shipped to the track and don’t need to be shipped again as part of the Race Entry procedure.
- I have not yet received an answer about the question I asked you about the Broodmare Tax. At the end of 2012, I had eleven Broodmares that had been bred during the year (nine of which I had bred and the other two were acquired during the year from various auctions and were already In Foal when I bought them). In addition, I had one Broodmare that had not been bred as she had been a Racehorse during the year and I had switched her to Broodmare a couple of days after Christmas, so she was a Broodmare (however not In Foal) on Dec 31st. I also had a Broodmare that had been switched to Broodmare on or about Jan 1st or 2nd this year but had still been a Racehorse on December 31st. As of Jan 5th I had a total of thirteen Broodmares and was charged $39,000 Broodmare Tax on this basis (13 x $3,000). According to what I had read on one of the Forum message boards (I don’t remember which one - it may even have been in the FAQ), I got the impression that this tax was only levied on Broodmares that were bred during the year, therefore, I should not have been charged for the two unbred ones, and certainly not the one who was switched in January. With regards to the two Broodmares that I bought during the year, I assume that, even though I didn’t breed them, I’m still responsible for their Broodmare Tax as I was the owner on Dec 31st.
I have seen a number of people writing to say that their Budget was incorrect as a result of having acquired horses in the Stillwater Farm Lease. I know that you don’t like to have loads of people posting about the same “bug”, so I didn’t mention that I had the same problem, thinking that, you would find the bug, fix it and everybody’s problem would be corrected. However, while you seem to have fixed their errors, it seems that it was just done on a one-off basis, i.e you fixed it for those people who told you it was a problem and not done a “generic fix”. I had leased one of the Stillwater horses and, even though the Budget Item description says that I was charged $5,000 for it, my budget went from $704,883 to $669,883, a difference of $35,000.
I wonder if this problem didn’t arise out of the fact that everybody’s 2012 End-of-Year Balances (which I assume were automatically carried over to be their 2013 Start-of-Year Balances) were adjusted a number of times with all the fixes you were having to make for the Tax Bug and maybe one or more of the adjustments didn’t get automatically carried over to the 2013 S-O-Y Balances at the same time.
I would be very grateful if you could please look into these when you have a chance. There is no rush as, unlike some of the people who reported problems earlier, the errors haven’t put me in a negative position (although I know you’ve said that you like to try and fix any reported errors ASAP before you forget about them).
Thanks and once again, thanks again for all you do to try and keep this running smoothly and make it enjoyable for all of us.